Real Madrid top soccer's rich list as Manchester United drop out of top three

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Updated 2118 GMT (0518 HKT) January 23, 2014

Football's Rich List20 photos

Football's Rich List: 1. Real Madrid – For the ninth straight year Real Madrid are ranked as the world's richest club with a total revenue of $702 million. Their global reach allows the Spanish club to make millions in commercial revenue, both domestically and internationally, thanks to marketable stars like Cristiano Ronaldo -- recently crowned the world's best player.

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Football's Rich List20 photos

2. Barcelona – Barcelona are second in the list, $47 million behind Real, and can also generate huge sums commercially on the back of players like Lionel Messi. The Argentina striker is their talisman and has helped them to win the Spanish league title four times in the last five years.

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Football's Rich List20 photos

3. Bayern Munich – No-one could hold a candle to Bayern Munich in terms of silverware in 2013, the German champions winning an incredible five titles, including the European Champions League. They have usurped Manchester United in third spot and recorded a 17% growth in revenue to hit $585m.

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Football's Rich List20 photos

4. Manchester United – English champions Manchester United fell to fourth in the money list -- the first time they've been outside the top three in 17 years. Despite revenue growing to $574 million they were overtaken by Bayern, and fortunes on the pitch have wavered since former manager Alex Ferguson left the club in May after 27 years at the helm.

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5. Paris Saint-Germain – The stature of French champions Paris Saint-Germain as a European force under their Qatari owners was evidenced by their ability to attract big stars like Sweden striker Zlatan Ibrahimovic. They nudged their way into the top five after almost quadrupling their revenue since the 2010/11 season -- the highest ever placing by a French side.

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Football's Rich List20 photos

6. Manchester City – Manchester City leapfrogged Arsenal and Chelsea to become the second richest English Premier League club in the list. City, owned by Sheikh Mansour bin Zayed al Nahyan from Abu Dhabi, saw their total revenue rise to $428.3 million.

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7. Chelsea – Chelsea, led by Portuguese manager Jose Mourinho, drop two places to seventh in the 2014 list. Backed by Russian billionaire owner Roman Abramovich, the London club actually saw a drop in revenue, from $437 million to $411 million.

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8. Arsenal – Arsenal currently sit top of the English Premier League as they go in search of a first trophy since 2005. They flexed their muscles in the transfer market with the purchase of Germany international Mesut Ozil, at a cost of $70 million and saw a small drop in revenue, to $385m.

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9. Juventus – Juventus have cemented their place as the dominant force in Italian football by winning the last two Serie A titles. Their move to a new stadium in 2011 helped boost revenue and they made the most money out of the European Champions League in 2013 despite only reaching the quarterfinals. They saw a big rise in total revenue to $369 million.

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10. AC Milan – AC Milan, who can boast star names like Italy striker Mario Balotelli among their ranks, dropped two places to tenth in Deloitte's list after a modest rise in revenue saw them record $357m overall.

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11. Borussia Dortmund – Borussia Dortmund -- champions of Germany in 2011 and 2012 -- lost to Bayern Munich in the European Champions League final in May last year and are set to lose star striker Robert Lewandowski to their rivals at the end of this season. They saw a significant hike in revenue up from $266.4 million to $347.1 million.

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12. Liverpool – English club Liverpool, led by Uruguayan striker Luis Suarez, dropped out of the top ten for the first time since 1999/2000 despite seeing a 9% rise in revenue to $325.9 million. The club haven't qualified for the lucrative European Champions League since 2009.

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13. Schalke 04 – German club Schalke move up two places from last year's list, after their revenue went up to 268.5 million.

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14. Tottenham Hotspur – Tottenham Hotspur are the sixth English Premier League club to feature in Deloitte's list. They stay in 15th spot with a revenue of $233 million.

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15. Internazionale – Italian giants Inter haven't secured any silverware since 2011 and they drop four places from last year's rich list. Revenue fell by $43 million to $228.6 million overall.

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16. Galatasaray – Turkish champions Galatasaray move up three places from the 2013 list after revenue rose to $212.6 million. The Istanbul-based outfit have Ivory Coast striker Didier Drogba and Dutch playmaker Wesley Sneijder in their ranks and will face Chelsea -- with whom Drogba won the 2012 European Champions League crown -- in the last 16 of the competition.

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17. Hamburg SV – Hamburg are the fourth German team in the list. They moved up three places with a revenue of $183.4 million.

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18. Fenerbahce – Fenerbahce join fellow Turkish side Galatatsaray in the top 20, making it the first time since 2005/06 that two clubs outside the recognized top five in Europe -- Spain, Italy, Germany, England and France -- have appeared. Their revenue grew to $171.2 million.

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19. AS Roma – Italian club Roma, led by their talisman Francesco Totti, are another new entry to the list thanks to revenue of $168.5 million.

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20. Atletico Madrid – Atletico Madrid, city rivals to Real, are currently second in the La Liga table behind Barcelona -- largely thanks to the goalscoring exploits of Diego Costa. They are another new entry to round off the list but trail way behind Real in terms of revenue, on the comparatively modest figure of $162.5 million.

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Story highlights

Spanish giants Real Madrid sit top of soccer's rich list for a record ninth consecutive year

English champions Manchester United slip out of top three for the first time in 17 years

German and European champs Bayern Munich move third in Deloitte's table

Barcelona are second while French champions PSG move into the top five for first time

Not only are Manchester United's fortunes sliding on the pitch, their fortune could also be dwindling off it.

Despite seeing a rise in revenue to $574 million, for the first time in 17 years they can no longer count themselves among the top three richest football clubs in the world.

For an organization that once spent eight years on top of the annual money table -- compiled by business advisory firm Deloitte -- it represents a financial blow for one of soccer's most decorated clubs.

Spanish giants Real Madrid came top for a record ninth consecutive year -- despite winning no silverware last season -- with a total revenue of $702 million, $47 million ahead of domestic rivals Barcelona in second.

Combined revenue for the top 20 clubs -- of all whom play in Europe -- was up 8% to $7.3 billion.

German champions Bayern Munich, who also won the European Champions League, have usurped Manchester United, who have also seen their share price plummet since long-standing manager Alex Ferguson left at the end of last season.

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The Scot delivered an unprecedented 13 English Premier League titles and two European Champions League crowns during his near 27-year reign, but under new manager David Moyes the team has struggled.

They currently sit seventh in the table, 14 points behind leaders Arsenal, and were knocked out of the FA Cup -- England's premier cup competition -- by Swansea and the League Cup by Sunderland.

They have qualified for the knockout phase of the Champions League though, facing Greek side Olympiakos in the last 16.

Their performances have seen confidence on the stock market evaporate, the club's share price having fallen 16% since Moyes took over, wiping an estimated $500 million off their value.

But with a raft of commercial deals having been secured in recent seasons -- the club even having official partners in the noodle and paint sectors -- Deloitte's Austin Houlihan says the club can bounce back next year.

"Whilst Manchester United drop one place in the Money League, a number of the club's recent commercial deals will boost revenue in 2013/14, so this fall to fourth place may only be temporary," he said.

"These deals, combined with the impact of the improved three year Premier League broadcast deals from 2013/14, mean they are likely to get close to the €500 million ($677 million) revenue mark in next year's Money League.

"Beyond 2013/14, consistent qualification for the Champions League is key in United challenging to regain top spot in the Money League, a position it last held in 2003/04."

In contrast to Manchester United, the financial juggernaut that is Real Madrid shows no signs of slowing.

They have consistently been beaten to the Spanish league title by Barcelona in recent years and are without a Champions League triumph for over a decade, but Real have topped the rich list for a record ninth consecutive year.

Their revenue was up $8.5 million on last year, underpinned by a 4% rise in commercial revenue to $286.7 million, and 3% in broadcast revenue to $255.1 million.

Dan Jones from Deloitte said: "Despite tough economic conditions, particularly within Spain, the club's ability to generate substantial commercial revenue both domestically and internationally is central to their success.

"This helped widen the gap to their nearest rivals in the Money League, FC Barcelona, to $48.7 million.

"Both Spanish clubs enjoy substantial revenue from individually negotiated broadcast deals, which is key in contributing to their overall revenue advantage over their European peers."

Bayern's place in the top three reflects their all-conquering performance on the pitch. The Bavarians won five trophies in 2013, adding the UEFA Supercup and the FIFA Club World Cup to their two domestic trophies, and their Champions League triumph in 12 years.

Helped by a record Bundesliga broadcast deal, Bayern recorded a 17% growth in revenue to hit $585 million.

The highest climbers in the list are French champions Paris Saint-Germain, who nudged their way into the top five after almost quadrupling their revenue since the 20120/11 season.

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They also recorded the highest ever single revenue source with a commercial revenue of $345 million. PSG, with Sweden star Zlatan Ibrahimovic in their ranks, were taken over by the Qatari Investment Authority in 2011.

"PSG are the country's sole representative in this year's top 20. We expect to see them become a mainstay in the top five in years to come, backed by their ambitious Qatari owners and strong commercial support," Houlihan added.

"The high-profile signing of David Beckham in the second half of the 2012/13 season only served to enhance the club's worldwide profile.

"Importantly, commercial success off the pitch is translating into improved on-pitch performance for the club, including winning their first French title in 19 years."

Elsewhere, Manchester City -- owned by Sheikh Mansour bin Zayed al Nahyan from Abu Dhabi -- have overhauled fellow English clubs Arsenal and Chelsea to be ranked sixth in the list, while Liverpool dropped out of the top ten for the first time since 1999/2000.

Liverpool are five-time European champions but haven't qualified for the continent's most lucrative club competition since 2009. Despite that, they saw revenue grow by 9% and might shoot up the list next season thanks to a record TV deal for English clubs.

Turkish clubs Galatasaray and Fenerbahce force their way into the rich list, making it the first time since 2005/06 that two clubs outside the recognized big five league in Europe -- Spain, Italy, Germany, England and France -- have appeared in the top 20.